x402 Tokens Surge Amid AI Agent Wave
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October 2025 marks the return of the AI Agent wave, this time under x402 tokens. The protocol enables AI agents and APIs to perform automated payments without accounts, signups, or API keys.
Since Coinbase and Cloudflare launched the x402 Foundation, the ecosystem has recorded 1.38M transactions and $1.48M in volume, with daily trading topping $230M. Projects like EigenCloud, Ping, and PayAI Network are leading activity.